Clyde & Co has opened a second office in Dubai to house the firm’s banking & finance practices.
The office will be its fifth in the region and will be located in the Dubai International Financial Centre (DIFC), serving as headquarters of the regulatory, insurance, and banking & finance practices in the Middle East.
It will also bring the firm closer to a pool of key financial services clientele. “The DIFC is a major hub for the region's financial services sector,” said Ashley Painter, head of the firm’s banking & finance practice. “Establishing an office in DIFC will enable us to enhance our engagement with, and contribution to, the regional financial services community.”
The DIFC governor, Omar Bin Sulaiman, said that he expects more foreign law firms to set up within the free zone. “We are keen to develop a critical mass of both international and local legal firms that can provide high-quality legal services to financial institutions in the region,” he said.
“As DIFC develops further as a global financial hub, we expect the number of international legal firms in the financial district to grow further,” added Abdulla Al Awar, CEO of the DIFC.
Clyde & Co in the Middle East
|
Office
|
Partners*
|
|
Abu Dhabi
|
4
|
|
Dubai + Dubai DIFC
|
19
|
|
Doha
|
2
|
|
Riyadh (in alliance)
|
1
|
*figures as at July 2009, partners work across offices
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